Globally, for infrastructure projects, the construction risk is borne by the bond market; the banks step in at a later stage when they can smell the cash flow
SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises
Most of some $8 billion of Adani firms' outstanding bonds fell below the 70 cents on the dollar mark - which is seen as distressed territory - after the Hindenburg report
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Opposition parties have protested in parliament to call for an independent probe into Hindenburg's allegations
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A more than $100 billion rout in the share prices of the highly leveraged infrastructure owner has the potential to spark a broader contagion, especially if the local banking system gets infected
The changes flow to the overall risk rating tied to environmental, social and governance (ESG) matters assigned by Sustainalytics to Adani companies
Stocks to Watch: As per reports, MSCI on Thursday evening said it had cut its determined free float for four companies in the Adani Group: Adani Enterprises, Adani Total Gas, Adani Transmission & ACC
It is still unclear whether the index provider has adjusted weightings of any of the group's stocks in its equity gauges in its latest review
Stocks to Watch: MSCI has started a free float review of Adani Group securities and it believes certain Investors should no longer be designated as free float
BJP Lok Sabha member and former Union Minister Ravi Shankar Prasad on Wednesday alleged in Parliament that the Gandhi family was mired in corruption, and while themselves being out on bail
The decision to undertake an independent assessment comes at a time when investor faith in the group has been shaken
India's largest private sector ports operator, which reported an earnings miss in the latest quarterly earnings, also said it would roughly halve its capital expenditure next financial year
Congress is continuously cornering the government over the issue in Parliament forcing the adjournments of both Houses during the Budget Session
Since then, various Adani Group stocks have lost 16 per cent (in case of ACC) to 60 per cent of their market capitalisation or m-cap (in case of Adani Total Gas)
Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report.
The so-called price-to-earnings ratio for the stock has surged from 15 times earnings in the five years to 2021 to 214 times in the last two years, the professor wrote
The stock rose even as global rating agency Standard and Poor's (S&P) on Friday revised the outlook on Adani Ports and Adani Electricity from 'stable' to 'negative'
Probe into Hindenburg report promises to be government-led, for the moment